Short Interest in Ford Motor (F) Declines By 7.3%
Ford Motor (NYSE:F) was the recipient of a large decline in short interest during the month of February. As of February 28th, there was short interest totalling 91,575,639 shares, a decline of 7.3% from the February 15th total of 98,767,798 shares. Based on an average trading volume of 43,992,753 shares, the days-to-cover ratio is currently 2.1 days. Currently, 2.3% of the company’s shares are sold short.
A number of institutional investors have recently modified their holdings of F. Howe & Rusling Inc. grew its position in shares of Ford Motor by 173.0% in the 4th quarter. Howe & Rusling Inc. now owns 3,631 shares of the auto manufacturer’s stock worth $28,000 after buying an additional 2,301 shares during the period. Lavaca Capital LLC purchased a new stake in shares of Ford Motor in the 4th quarter worth about $32,000. Ipswich Investment Management Co. Inc. purchased a new stake in shares of Ford Motor in the 4th quarter worth about $37,000. First Mercantile Trust Co. purchased a new stake in shares of Ford Motor in the 4th quarter worth about $39,000. Finally, Nelson Roberts Investment Advisors LLC purchased a new stake in shares of Ford Motor in the 4th quarter worth about $41,000. 52.74% of the stock is currently owned by institutional investors and hedge funds.
Shares of Ford Motor stock opened at $8.43 on Friday. The company has a current ratio of 1.20, a quick ratio of 1.08 and a debt-to-equity ratio of 2.80. The firm has a market cap of $33.50 billion, a price-to-earnings ratio of 6.48, a P/E/G ratio of 0.78 and a beta of 1.04. Ford Motor has a 12-month low of $7.41 and a 12-month high of $12.15.
The business also recently disclosed a quarterly dividend, which was paid on Friday, March 1st. Shareholders of record on Thursday, January 31st were given a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a yield of 7.12%. The ex-dividend date was Wednesday, January 30th. Ford Motor’s payout ratio is currently 46.15%.
A number of brokerages have recently weighed in on F. Seaport Global Securities began coverage on shares of Ford Motor in a report on Wednesday, February 13th. They issued a “neutral” rating and a $8.46 price objective for the company. They noted that the move was a valuation call. BMO Capital Markets restated a “hold” rating and issued a $8.50 price objective on shares of Ford Motor in a report on Monday, January 7th. Deutsche Bank began coverage on shares of Ford Motor in a report on Thursday, December 13th. They set a “buy” rating for the company. Barclays set a $9.00 price target on shares of Ford Motor and gave the company a “hold” rating in a report on Friday, January 4th. Finally, ValuEngine lowered shares of Ford Motor from a “hold” rating to a “sell” rating in a report on Wednesday, January 2nd. Two research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and five have assigned a buy rating to the company’s stock. Ford Motor has a consensus rating of “Hold” and a consensus price target of $10.29.
Ford Motor Company Profile
Ford Motor Company designs, manufactures, markets, and services a range of Ford cars, trucks, sport utility vehicles, and electrified vehicles worldwide. It operates through three segments: Automotive, Mobility, and Ford Credit. The Automotive segment sells Ford and Lincoln vehicles, service parts, and accessories through distributors and dealers, as well as through dealerships to commercial fleet customers, daily rental car companies, and governments.
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